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Analysis

Qatar’s tourism diversification for sustainable growth
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Tourism plays a crucial role in Qatar’s Third National Development Strategy 2024-30 (NDS-3), which serves as the primary framework for achieving the goals set out in Qatar National Vision 2030. The NDS-3 focuses on seven strategic outcomes: sustainable economic growth, fiscal sustainability, a future-ready workforce, social cohesion, enhanced quality of life, environmental sustainability and government…

Analysis

Gulf partnerships promote region as travel destination
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In 2022 the Middle East witnessed the sharpest relative increase in international arrivals of any region in the world, solidifying its rebound from the disruption of the Covid-19 pandemic and further raising its profile as an increasingly attractive destination for inbound tourism. According to the UN World Tourism Organisation (UNWTO), in 2022 international arrivals in the Middle East recovered to…

Analysis

Governments collaborating to counter cyberthreats
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The conflict in Ukraine has caused disruption across the global economy, prompting an increase in the number and sophistication of cyberattacks. According to a poll of 800 chief audit executives conducted by the UK-based Chartered Institute of Internal Auditors, 77% of respondents thought the conflict in Ukraine had elevated cybersecurity and data-security risks. Senior cybersecurity analysts have…

Analysis

Qatar's development blueprint focus on technological advancement
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Qatar is in the initial phases of its National Development Strategy 2024-30 (NDS-3) to transform the country into an advanced economy capable of sustainable development. The plan prioritises competitiveness, innovation and institutional excellence, while balancing sustainable growth and social cohesion. The NDS-3 outlines seven strategic national outcomes that represent the main strategic priorities…

Analysis

How Qatar is testing autonomous vehicles and launching EVs
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There has been notable progress in the rollout of Qatar’s electric vehicle (EV) fleet and the development of autonomous public transport options, prompted by Qatar National Vision 2030 (QNV). Around 70% of the bus fleet was electric as of early 2024, according to the Ministry of Transport (MoT), putting it well on its way to reaching its 100% electric fleet target by 2030. There have also been steps…

Analysis

Qatar’s substantial gas reserves, global supplier
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Qatar’s Third National Development Strategy (NDS-3) outlines a targeted approach to industrial development between 2024 and 2030. It underscores the value of specialised, high-productivity clusters where Qatar either excels or could develop considerable advantages. More specifically, the NDS-3 advocates for the chemical industry to expand into conventional and blue gasbased petrochemicals. It also…

Analysis

Buy now/pay later competition in emerging markets
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Building on the momentum seen in the e-commerce space during the Covid-19 pandemic, the buy now/ pay later (BNPL) model is one of the fastest-growing segments in consumer finance, particularly in emerging markets. BNPL providers offer point-of-sale loans that consumers can repay in instalments over the course of weeks or even months. Charging little to no interest, these microcredit providers make…

Analysis

Qatar energy sector benefits from liquefied natural gas reserves discovery
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The global liquefied natural gas (LNG) market is projected to grow significantly, reaching 580m-600m tonnes per annum (tpa) by 2030, up from 400m tpa in February 2024. Forecasts suggest that global demand for LNG could rise by over 50% to hit 625m-685m tpa by 2040, continuing to grow throughout that decade. The switch from coal to gas in China and other developing Asian nations is a key factor driving…

Analysis

Insurance sector working to mitigate climate risks
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With the launch of a new joint initiative to support the countries most vulnerable to climate change, the global insurance industry is evolving in ways that could carry important implications for business in emerging markets. The initiative, the Global Shield against Climate Risks (GSCR), was announced by the ministers of finance of the Vulnerable Twenty (V20) Group – which comprises economies susceptible…

Analysis

Qatar Islamic financial services to leverage fintech
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Islamic finance has emerged globally as a dynamic sector, garnering increased investor attention and becoming a new frontier of digitalisation efforts. Given Qatar’s significant experience in the sector, authorities and financial institutions are increasingly paying attention to ways in which financial technology (fintech) could become a lever for the sector’s expansion. On the Rise “State…